The post Tether plants its flag in Latin America, buys Parfin appeared on BitcoinEthereumNews.com. Tether is pushing into Latin America with the acquisition of the regional digital asset custody platform, Parfin. Summary Tether is expanding its presence in Latin America with the Parfin acquisition Parfin offers crypto custody, asset management, and tokenization solutions to institutional clients From the start of 2025 until October, Latin America recorded almost $1.5 trillion in transactions Tether is betting big on Latin America as one of the fastest-growing global crypto hubs. On Thursday, November 20, the world’s largest stablecoin issuer acquired Parfin, a London- and Rio de Janeiro-based firm specializing in custody, tokenization, and settlement. According to Paolo Ardoino, CEO of Tether, Parfin — a Mastercard-incubated startup — will help the firm bridge traditional finance and blockchain tech. He added that the investment also reflects the company’s belief that Latin America is a major crypto powerhouse. “At Tether, we believe in global, unrestricted access to financial freedom and real-world digital asset use cases,” said Paolo Ardoino, Tether. “Parfin has shown a strong commitment to bridging this gap,” he added. Parfin is deeply integrated with Latin America’s financial institutions, offering custody, tokenization, trading, and asset management solutions to institutional clients. Notably, this also puts it in a position to help Tether boost USDT adoption among institutional clients. Tether’s investment is a strong validation of our vision to accelerate the integration of tokenization applications and USDT into our institutional-grade blockchain and digital assets solutions,” said Marcos Viriato, CEO of Parfin. Tether bets big on Latin America Latin America recorded almost $1.5 trillion in transaction volume by October this year, according to Chainalysis. This makes it one of the regions with the most active crypto markets. Institutions were a major driver of this growth. Crypto users in the region rely on stablecoins for cheaper cross-border transactions, most often used in remittances. For… The post Tether plants its flag in Latin America, buys Parfin appeared on BitcoinEthereumNews.com. Tether is pushing into Latin America with the acquisition of the regional digital asset custody platform, Parfin. Summary Tether is expanding its presence in Latin America with the Parfin acquisition Parfin offers crypto custody, asset management, and tokenization solutions to institutional clients From the start of 2025 until October, Latin America recorded almost $1.5 trillion in transactions Tether is betting big on Latin America as one of the fastest-growing global crypto hubs. On Thursday, November 20, the world’s largest stablecoin issuer acquired Parfin, a London- and Rio de Janeiro-based firm specializing in custody, tokenization, and settlement. According to Paolo Ardoino, CEO of Tether, Parfin — a Mastercard-incubated startup — will help the firm bridge traditional finance and blockchain tech. He added that the investment also reflects the company’s belief that Latin America is a major crypto powerhouse. “At Tether, we believe in global, unrestricted access to financial freedom and real-world digital asset use cases,” said Paolo Ardoino, Tether. “Parfin has shown a strong commitment to bridging this gap,” he added. Parfin is deeply integrated with Latin America’s financial institutions, offering custody, tokenization, trading, and asset management solutions to institutional clients. Notably, this also puts it in a position to help Tether boost USDT adoption among institutional clients. Tether’s investment is a strong validation of our vision to accelerate the integration of tokenization applications and USDT into our institutional-grade blockchain and digital assets solutions,” said Marcos Viriato, CEO of Parfin. Tether bets big on Latin America Latin America recorded almost $1.5 trillion in transaction volume by October this year, according to Chainalysis. This makes it one of the regions with the most active crypto markets. Institutions were a major driver of this growth. Crypto users in the region rely on stablecoins for cheaper cross-border transactions, most often used in remittances. For…

Tether plants its flag in Latin America, buys Parfin

2025/11/21 02:08

Tether is pushing into Latin America with the acquisition of the regional digital asset custody platform, Parfin.

Summary

  • Tether is expanding its presence in Latin America with the Parfin acquisition
  • Parfin offers crypto custody, asset management, and tokenization solutions to institutional clients
  • From the start of 2025 until October, Latin America recorded almost $1.5 trillion in transactions

Tether is betting big on Latin America as one of the fastest-growing global crypto hubs. On Thursday, November 20, the world’s largest stablecoin issuer acquired Parfin, a London- and Rio de Janeiro-based firm specializing in custody, tokenization, and settlement.

According to Paolo Ardoino, CEO of Tether, Parfin — a Mastercard-incubated startup — will help the firm bridge traditional finance and blockchain tech. He added that the investment also reflects the company’s belief that Latin America is a major crypto powerhouse.

Parfin is deeply integrated with Latin America’s financial institutions, offering custody, tokenization, trading, and asset management solutions to institutional clients. Notably, this also puts it in a position to help Tether boost USDT adoption among institutional clients.

Tether bets big on Latin America

Latin America recorded almost $1.5 trillion in transaction volume by October this year, according to Chainalysis. This makes it one of the regions with the most active crypto markets. Institutions were a major driver of this growth.

Crypto users in the region rely on stablecoins for cheaper cross-border transactions, most often used in remittances. For others, crypto assets are an important tool to reduce risks.

More about Parfin

Last year, Parfin pulled in $10 million in the first tranche of its Series A round led by ParaFi Capital with backing from Framework Ventures, L4 Venture Builder and Núclea.

Founded in 2019, Parfin wants to be the relationship therapist between tradfi and defi, offering banks the privacy, security and compliance they demand while slipping them the efficiency perks of blockchain.

Parfin joined Mastercard’s Start Path program last year and counts Banco BV, Núclea and B3 Digitas among its clients. Its Rayls platform is taking part in Brazil’s central bank program exploring privacy and scalability for a CBDC.

Source: https://crypto.news/tether-plants-its-flag-in-latin-america-with-parfin-acquisition/

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

A ‘Detonation’ May Be Next, Analyst Says

A ‘Detonation’ May Be Next, Analyst Says

The post A ‘Detonation’ May Be Next, Analyst Says appeared on BitcoinEthereumNews.com. They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling – right up his alley! So, he landed a killer gig at NewsBTC, where he’s one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian’s all work and no play? Not a chance! When he’s not at his computer, you’ll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit…
Share
BitcoinEthereumNews2025/09/20 05:20
Maryland Man Sentenced for Allegedly Aiding North Korea’s US Company Infiltration and Sensitive Data Access

Maryland Man Sentenced for Allegedly Aiding North Korea’s US Company Infiltration and Sensitive Data Access

The post Maryland Man Sentenced for Allegedly Aiding North Korea’s US Company Infiltration and Sensitive Data Access appeared on BitcoinEthereumNews.com. North Korea’s IT workers infiltrated US companies through a Maryland man’s scheme, earning over $970,000 while enabling access to sensitive government systems. This operation supported the regime’s cyber activities, including crypto hacks that stole $2 billion in 2025, funding nuclear programs. Minh Phuong Ngoc Vong sentenced to 15 months in prison for aiding North Korean infiltration. He used fake credentials to secure jobs at 13 US firms, passing work to overseas conspirators. North Korea stole $2 billion in crypto in 2025 via hacks, totaling over $6 billion recently, per blockchain analytics firm Elliptic. Discover how North Korea’s IT infiltration and crypto hacking schemes threaten US security. Learn the details of the Maryland case and regime’s $6B theft. Stay informed on cybersecurity risks today. What is North Korea’s IT Infiltration Scheme in US Companies? North Korea’s IT infiltration scheme involves covertly placing regime-affiliated workers into US companies using fake identities to generate revenue and access sensitive systems. In a recent Maryland case, Minh Phuong Ngoc Vong was sentenced to 15 months in prison and three years of supervised release for facilitating this for three years across 13 companies. The operation netted over $970,000, much of which funded North Korea’s weapons programs through software work performed by overseas actors, including those in China near the border. How Does North Korea Use Crypto Hacking to Fund Its Programs? North Korea employs sophisticated cyber groups to target cryptocurrency exchanges and wallets, stealing digital assets that convert to fiat for regime funding. According to blockchain analytics firm Elliptic, these groups pilfered approximately $2 billion in cryptocurrencies in 2025 alone, contributing to a total exceeding $6 billion in recent years from hacks on platforms like Bybit and Upbit. This influx directly supports nuclear and missile development, as confirmed by US intelligence assessments. Experts note the regime’s…
Share
BitcoinEthereumNews2025/12/06 09:12